- 5,056
Is that 200% of the monthly premium?
Is United American Competitive?
- Thread starter defenderzeta
- Start date
- 14,809
It would have to be. Some of these companies are famous for quoting their commissions based on the monthly premium for emotional impact.
So...a 200% commission based on a $300/mo premium = $600. $300 X 12 = $3,600 which means the true commission is about 17%.
So...a 200% commission based on a $300/mo premium = $600. $300 X 12 = $3,600 which means the true commission is about 17%.
- 138
Yes, the branch mgr. will write you a check for double the premium as soon as you bring it back in....then the home office will charge you back big time when the client cancels in the first year.
- 14,809
I had a UA contact for 35%. Never submitted any business.
- 5,056
Mine says:
Up to age 35: 50%
36-50: 40%
51-63: 30%
For FlexGuard
Granted I just have the contract, I don't even know how the product works or doesn't work...lol.
Up to age 35: 50%
36-50: 40%
51-63: 30%
For FlexGuard
Granted I just have the contract, I don't even know how the product works or doesn't work...lol.
- 9,744
Brutally high sub-standard premiums (and benefits) as I recall?
- 14,809
Well, I'm in a better position than most agents with the ability to write MHIP - so I have a home and receive commission for uninsurables.
- 138
I stand corrected on the %. it was 200% for up to 35 yo, then dropped to 150% for 35 to 50, then dropped to 100% for over 50 to 64 from what my memory serves me.
- 10,276
I think I'm going to barf.
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